What does DEVALIN do?

DEVALIN is registered with the CBE as active in: Bewerken en spinnen van vlas- of vlasachtige vezels. Public Limited, started on 5 December 1994, 2 establishments.

What is the address of DEVALIN?

The registered office of DEVALIN is located at Noordstraat 16, 8560 Wevelgem.

Is DEVALIN still active?

Yes. According to the CBE (29 October 2026) DEVALIN is active, legal situation “Normale toestand”, started on 5 December 1994.

Is DEVALIN registered on Peppol?

Yes, DEVALIN is registered on the Peppol network with ID 0208:0453961879.

What is the enterprise number of DEVALIN?

The enterprise number of DEVALIN is BE0453961879.

When was DEVALIN founded?

DEVALIN was founded on 5 December 1994.

Who are the directors of DEVALIN?

According to the 2025 annual accounts, the directors of DEVALIN are: DECOENE INVESTMENT COMPANY BV, PRODECO M&I BV.

Is DEVALIN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 December 1994; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did DEVALIN make in 2025?

DEVALIN posted a profit after taxes of € 2,998,608 in financial year 2025.

What is the revenue of DEVALIN?

In its most recent annual accounts (2025), DEVALIN reported revenue of € 20,404,635.

How much does an employee at DEVALIN earn?

The average wage cost per full-time employee at DEVALIN was € 44,000 in 2025: staff costs of € 224,162 for 5.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does DEVALIN have?

According to the 2025 annual accounts, DEVALIN has 5.1 full-time equivalents (FTE).

DEVALIN (Public Limited) - Wevelgem - BE0453961879

Dossier DEVALIN, printed on 29 October 2026 from databakkes.be/en/0453961879/devalin. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

DEVALIN from Wevelgem, company number BE0453961879, closed financial year 2025 with a result of € 3 million after tax. For that financial year DEVALIN recorded revenue of € 20.4 million and equity of € 10.8 million. Compared with financial year 2024, the result moved from € 3.4 million to € 3 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2025.

What it is worth Growing

€ 10.8 million

▲ 31% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 3 million

▼ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.5 million

▲ € 2 million vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 450,000 paid out

15 % of the profit went to the shareholders, mostly to DECOENE INVESTMENT COMPANY BV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

5.1

▼ 0.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 224,162

▼ 20% vs 2024

€ 44,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 63,452

▼ 29% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▼ 22% vs 2024

€ 60,000 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 5.3 million

▼ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 121 days on average.

Taxes and wages

€ 47,080

▼ 8% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 26,007,157 Revenue 2024: € 26,007,157 First fiscal year in the series	€ 20,404,635 Revenue 2025: € 20,404,635 ▼ 22% vs 2024 (€ 26,007,157) Unfavourable step	▼ 22%
Gross margin	€ 2,278,868 Gross margin 2022: € 2,278,868 First fiscal year in the series	€ 3,378,783 Gross margin 2023: € 3,378,783 ▲ 48% vs 2022 (€ 2,278,868) Favourable step	-	-
Profit after taxes	€ 1,615,389 Profit after taxes 2022: € 1,615,389 First fiscal year in the series	€ 2,415,419 Profit after taxes 2023: € 2,415,419 ▲ 50% vs 2022 (€ 1,615,389) Favourable step	€ 3,372,093 Profit after taxes 2024: € 3,372,093 ▲ 40% vs 2023 (€ 2,415,419) Favourable step	€ 2,998,608 Profit after taxes 2025: € 2,998,608 ▼ 11% vs 2024 (€ 3,372,093) Unfavourable step	▼ 11%
Equity	€ 4,203,833 Equity 2022: € 4,203,833 First fiscal year in the series	€ 6,119,252 Equity 2023: € 6,119,252 ▲ 46% vs 2022 (€ 4,203,833) Favourable step	€ 8,216,345 Equity 2024: € 8,216,345 ▲ 34% vs 2023 (€ 6,119,252) Favourable step	€ 10,764,953 Equity 2025: € 10,764,953 ▲ 31% vs 2024 (€ 8,216,345) Favourable step	▲ 31%
Total debts	€ 5,450,217 Total debts 2022: € 5,450,217 First fiscal year in the series	€ 7,646,278 Total debts 2023: € 7,646,278 ▲ 40% vs 2022 (€ 5,450,217) Unfavourable step	€ 9,955,755 Total debts 2024: € 9,955,755 ▲ 30% vs 2023 (€ 7,646,278) Unfavourable step	€ 6,832,145 Total debts 2025: € 6,832,145 ▼ 31% vs 2024 (€ 9,955,755) Favourable step	▼ 31%
Cash	€ 876,432 Cash 2022: € 876,432 First fiscal year in the series	€ 1,985,049 Cash 2023: € 1,985,049 ▲ 126% vs 2022 (€ 876,432) Favourable step	€ 492,682 Cash 2024: € 492,682 ▼ 75% vs 2023 (€ 1,985,049) Unfavourable step	€ 2,532,766 Cash 2025: € 2,532,766 ▲ € 2 million vs 2024 (€ 492,682) Favourable step	▲ € 2 million
Land & buildings	€ 1,460,694 Land & buildings 2022: € 1,460,694 First fiscal year in the series	€ 1,765,230 Land & buildings 2023: € 1,765,230 ▲ 21% vs 2022 (€ 1,460,694) Unchanged	€ 1,825,741 Land & buildings 2024: € 1,825,741 ▲ 3% vs 2023 (€ 1,765,230) Unchanged	€ 1,721,108 Land & buildings 2025: € 1,721,108 ▼ 6% vs 2024 (€ 1,825,741) Unchanged	▼ 6%
Retained profit	€ 3,163,713 Retained profit 2022: € 3,163,713 First fiscal year in the series	€ 5,079,132 Retained profit 2023: € 5,079,132 ▲ 61% vs 2022 (€ 3,163,713) Favourable step	€ 7,176,225 Retained profit 2024: € 7,176,225 ▲ 41% vs 2023 (€ 5,079,132) Favourable step	€ 9,724,833 Retained profit 2025: € 9,724,833 ▲ 36% vs 2024 (€ 7,176,225) Favourable step	▲ 36%
Dividend	€ 510,000 Dividend 2022: € 510,000 First fiscal year in the series	€ 500,000 Dividend 2023: € 500,000 ▼ 2% vs 2022 (€ 510,000) Unchanged	€ 1,275,000 Dividend 2024: € 1,275,000 ▲ 155% vs 2023 (€ 500,000) Unchanged	€ 450,000 Dividend 2025: € 450,000 ▼ 65% vs 2024 (€ 1,275,000) Unchanged	▼ 65%
Bank debt	€ 1,176,566 Bank debt 2022: € 1,176,566 First fiscal year in the series	€ 1,250,130 Bank debt 2023: € 1,250,130 ▲ 6% vs 2022 (€ 1,176,566) Unfavourable step	€ 1,357,808 Bank debt 2024: € 1,357,808 ▲ 9% vs 2023 (€ 1,250,130) Unfavourable step	€ 1,058,111 Bank debt 2025: € 1,058,111 ▼ 22% vs 2024 (€ 1,357,808) Favourable step	▼ 22%
Balance sheet total	€ 9,907,596 Balance sheet total 2022: € 9,907,596 First fiscal year in the series	€ 13,916,836 Balance sheet total 2023: € 13,916,836 ▲ 40% vs 2022 (€ 9,907,596) Unchanged	€ 18,312,763 Balance sheet total 2024: € 18,312,763 ▲ 32% vs 2023 (€ 13,916,836) Unchanged	€ 17,727,130 Balance sheet total 2025: € 17,727,130 ▼ 3% vs 2024 (€ 18,312,763) Unchanged	▼ 3%
Employees (FTE)	4.2 Employees (FTE) 2022: 4.2 First fiscal year in the series	4.4 Employees (FTE) 2023: 4.4 ▲ 0.2 vs 2022 (4.2) Unchanged	5.3 Employees (FTE) 2024: 5.3 ▲ 0.9 vs 2023 (4.4) Unchanged	5.1 Employees (FTE) 2025: 5.1 ▼ 0.2 vs 2024 (5.3) Unchanged	▼ 0.2

Key figures of DEVALIN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.

What happened to DEVALIN?

What happened at DEVALIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 29, 2025 New annual accounts for financial year 2025: profit of € 3 million (▼ 11% vs 2024). Source: NBB ↗
Dec 5, 1994 Start of the company according to the CBE. KBO
Feb 2, 1993 New establishment in Wevelgem. KBO
Dec 20, 1983 New establishment in Wevelgem. KBO

In short

From € 1.6 million profit in 2022 to € 3 million profit in 2025.

Paid € 3 million in corporate taxes since 2022.

Best year ever: 2024, with € 3.4 million profit.

On average € 767,900 of value added per employee in 2023.

Original PDFs at the National Bank ↗

Management

DECOENE INVESTMENT COMPANY BV 100%

DEVALIN

Behind DEVALIN are DECOENE INVESTMENT COMPANY BV and PRODECO M&I BV. The shares are held by DECOENE INVESTMENT COMPANY BV (100%).

Directors

According to the 2025 annual accounts

DECOENE INVESTMENT COMPANY BV

Director · represented by Olivier DECOENE

PRODECO M&I BV

Director · represented by Vincent DECOENE

Also active at: DEVALIN AGRI

Shareholders

DECOENE INVESTMENT COMPANY BV

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Noordstraat 16

8560 Wevelgem

2.131.157.603

Noordstraat 11

8560 Wevelgem

Active since 2 February 1993

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

DECOENE INVESTMENT COMPANY same network

€ 350,000 revenue · 2026

DEVALIN AGRI same network

€ 394,082 gross margin · 2025

OD-Racing

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0453.961.879

VAT number

BE 0453.961.879

Registered office

Noordstraat 16, 8560 Wevelgem

Names & denominations

DEVALIN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

5 December 1994

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Bewerken en spinnen van vlas- of vlasachtige vezels

Bewerken en spinnen van textielvezels

Groothandel in andere intermediaire producten, neg

Groothandel in overige intermediaire producten, n.e.g.

Groothandel in andere intermediaire producten, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

DEVALIN

Financials

What happened to DEVALIN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions